Fastly is an edge cloud platform that accelerates technical innovation, mitigates evolving threats, and scales on demand for digital publishing, e-commerce, and streaming companies. Led by founder and CEO Artur Bergman, Fastly provides services to customers including Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian, The New York Times, and Ticketmaster. The company raised $40M in a funding round led by Deutsche Telekom Capital Partners with participation from Sozo Ventures, Swisscom Ventures and existing investors. Fastly intends to use the funds to continue expanding its edge cloud services and to explore demand across financial services, healthcare, and connected vehicles and devices. Fastly is based in San Francisco and was founded in 2011. Fastly offers a content delivery network the company describes in its press release as an "edge cloud platform," focused on speedy delivery and customer visibility. It concentrates on API traffic, mobile content, and user‑generated content and emphasizes fast cache purging (the company claims ~150ms) as a differentiator. Customers mentioned include The New York Times, Pinterest, Airbnb, Spotify, Ticketmaster, and The Guardian. Fastly is San Francisco–based and about five years old. Financially, the company reported 100% annualized revenue growth in the last two quarters and has reached an annualized run rate of $100 million. The company says it will use the new funding to expand its footprint as a corporate supplier of fast application, website, and web service delivery. Fastly operates a CDN optimized for delivering dynamic, real-time content for modern web applications, and also offers security and e-commerce tools. The company plans to use new funding to develop real-time content delivery solutions, expand its global reach, and further invest in e-commerce and security. It will expand its network with points of presence in Australia, India, South Africa, Spain and the United Arab Emirates. Fastly raised a $75M Series D led by ICONIQ Capital, bringing total funding to date to $130M. The company says traffic over its network grew 700% over the past two years and its customer list includes Twitter, Vimeo, Business Insider, Condé Nast and iHeartMedia. Fastly launched in 2011 and now has about 200 employees (up 80% since January) with offices in San Francisco, New York, London and Tokyo. Fastly builds a content delivery network optimized for API traffic, mobile content and user-generated content. Its platform emphasizes speed and transparency, with CEO and founder Artur Bergman claiming cache purge times around 150ms. Customers include The Guardian, Twitter, Pinterest and Shazam. The product was developed in-house at Wikia and later spun out as Fastly. The company recently raised $40M in a Series C, bringing total capital raised to $54M. Fastly is headquartered in San Francisco with satellite offices in New York and London and employs around 100 people, up from 60 earlier in the year. Management plans to hire more staff and expand into Asia and South America, noting that building out global data centers will require significant capital. Fastly operates an SSD-powered content delivery network (CDN) built for real-time and mobile content. It uses a patent-pending fast-caching engine that the company says delivers the fastest recorded time to first byte and supports instant cache purges. Fastly’s SSD-based architecture and 10 gigabit ports enable site updates in about 120 milliseconds versus legacy providers’ multi-minute update times. The network is designed for small data objects to handle high-volume, high-velocity updates such as photos and tweets. Customers mentioned include Disqus, Twitter and GitHub. With the new funding, Fastly is expanding its network.

Total raised

$215M

Funding rounds

5

Latest round

Series F

Latest activity

Jul 2018